Vice President Kamala Harris has recently introduced an “Opportunity Agenda for Black Men” in an effort to garner increased support among African American voters. One of the hallmarks of this agenda is promoting a pro-cryptocurrency regulation that links financial independence and well-being to Black men.
Cryptocurrency, although more common among African Americans compared to other US demographics, doesn’t directly promise an influx of support for Harris. However, the Vice President’s campaign sees this pro-crypto stance as a beneficial move that could potentially help the African American community significantly.
The agenda clearly articulates that “More than 20% of Black Americans own or have owned cryptocurrency assets. Therefore, Vice President Harris will ensure that digital asset investors and owners reap the benefits of a regulatory framework. It aims to protect Black men and others who participate in the crypto market,”
While it’s true that African Americans have relatively high cryptocurrency holding, presenting new crypto regulations as an exclusive benefit to them might seem a tad out of place considering the overarching voter inclination towards cryptocurrency.
Harris’s falling popularity among Black men has raised concerns within her campaign, which this agenda seeks to counteract. Current opinion polls suggest Harris lags 15% behind the support Joe Biden received from this demographic in 2020.
In light of these polls, pro-cryptocurrency regulation is being presented as one among several “tools to achieve financial freedom” that the Harris campaign is extending to Black men. In addition to this, the campaign promises various other economic incentives, including debt forgiveness, new loan availability, job programs and more.